For Sale: 59-61 Spring Park Road, Charlottetown, PE

About this home

An exceptional opportunity in the heart of Charlottetown, 59?61 Spring Park Road offers an updated side-by-side duplex with excellent flexibility for investors, owner-occupiers, or multi-generational living. Unit 59 features three bedrooms and a refreshed bathroom, while Unit 61 offers two bedrooms and an updated full bathroom. Both units have undergone extensive renovations, including updated siding with added foil insulation, waterproof and scratch-resistant flooring, updated doors and trim, renovated kitchens, upgraded lighting and electrical work, and more. The previous oil heating system has been replaced with electric heat, providing a cleaner and more convenient heating option. The driveway along the left side of Unit 59 has been extended, providing additional off-street parking for multiple vehicles. Both units are now completely vacant, thoroughly cleaned, fully renovated, and move-in ready. This turnkey property allows the new owner to take possession with ease and without the need for immediate improvements or tenant transitions. The fully vacant status provides exceptional flexibility for an investor to select their own tenants and establish new leases, or for an owner-occupier to move into one unit while renting the other. Conveniently located in Charlottetown with easy access to schools, shopping, public transit, and everyday amenities, the property offers rental appeal and excellent income potential. Based on previous rental history, the property generated approximately $45,600 in annual rental income, with approximate annual expenses of $8,401, resulting in an approximate net income of $37,199. Whether purchased as a fully vacant investment property, an owner-occupied income property, or for multi-generational living, 59?61 Spring Park Road presents a rare turnkey opportunity in a convenient Charlottetown location. All measurements and financial information are approximate and should be independently verified by the purchaser if (id:63626)

Listed by: Yan Ming (Edward) Zhang, ROYAL LEPAGE PRINCE EDWARD REALTY

Home facts and features

Price details

List Price

$449,000

Gross Taxes for 2026

$3,901

Home facts

Bedrooms

Full Bathrooms

Parking Details

Parking Space(s), Gravel, Shared

Property Type

Multifamily

Lot Size

3920 ft²

Depth

Year Built

Built in 1979 (47 yrs old)

Title

Freehold

Exterior Finish

Vinyl

Heating Type

Baseboard heaters, Oil, Space Heater, Electric, Wall Mounted Heat Pump, Furnace

Basement Details

Unfinished, Full

Appliances

Microwave, Range, Refrigerator, Stove, Washer/Dryer Combo

Agent details

Primary Agent

Yan Ming (Edward) Zhang

Primary Broker

ROYAL LEPAGE PRINCE EDWARD REALTY

Listing details

Days on REW

8 Days

Property Views

MLS® Number

202624044

Source

Canadian Real Estate Association

Board

Prince Edward Island Real Estate Association

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Property Insights

Schools nearby

10 Schools are within 1km

St. Jean Elementary School

n/a
K - 6

L. M. Montgomery Elementary School

n/a
K - 6

Prince Street Elementary School

n/a
K - 6

Montessori School Of Charlottetown

n/a
K - 6

Colonel Gray Senior High School

n/a
10 - 12

Queen Charlotte Intermediate School

n/a
7 - 9

West Kent Elementary School

n/a
K - 6

Spring Park Elementary School

n/a
K - 6

Birchwood Intermediate School

n/a
7 - 9

Immanuel Christian School

n/a
K - 9

59-61 Spring Park RoadCharlottetown, PE, C1A 3X9